On March 20, ESMA published an updated version of its questions and answers document (Q&A) on the implementation of EMIR (the Regulation on over-the-counter (OTC) derivatives, central counterparties (CCPs) and trade repositories (TRs)) (Regulation 648/2012).  The updated Q&A includes a table of questions on pages 6 and 7, setting out which questions have been updated as of March 20, 2014, and to which article(s) in EMIR the updated questions relate.  They include:

• Intragroup transactions;
• Notional amounts;
• Risk mitigation techniques for OTC derivative contracts not cleared by a CCP;
• Reporting of outstanding positions following the entry into force of EMIR (backloading); and
• Various issues relating to TR reporting requirements.  ESMA Q&A.